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20130113
20130121
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dan kerman is here to explain. >> when the economy outwith the economy in the dolldrums three years ago, congress created the payroll tax holiday, which cut the payroll tax from 6.2% to 4.2%.for 2011 and 2012. meaning more money in your paycheck to spend to help get the economy going. well that so called holiday expired at the end of last year. meaning your payroll tax goes back up 2% meaning less take home pay. here's what it means. households making between 40 and 50 thousand dollars will see 579 dollars less this year. those making between 50 and 75 thousand dollars will see about 822 dollars less this year. those making between 75 and 100 thousand dollars will pay 1,206 more in tax, or 100-dollars a month the big question is, will this impact the economy? since consumers have less in their paycheck each week, even if it's 25$ a week, will they spend less? some forecasters say definitely. others say we've paid this rate for years and this 2-percent will have little impact over the long term. especially when you consider that middle class tax rates are not going up. >> pam: now th
you, steve. >>> the head of the chicago federal reserve expects the u.s. economy to grow 2.5% this year. he says it will improve to 3.5% next year. charles evans says unemployment this year will fall below 7.5 pest and slip to 7% next year. he made his comments at the agent final forum in hong kong this morning. china shanghai index jumped 3% after regulators there says china will open its markets to foreign investors. european markets starting today higher. as we check in on our numbers where we start the day, does look like a pretty good opening across the board. actually right now the future is dipping town a bit. maybe a lower opening for the dough. but waiting for bernanke after the close today little gains on friday. >>> what they are staling that may surprise you. >>> how birthrates in colds are changing. >> you can wake up with ktvu every morning. get the top stories that develop while you were sleeping sent straight to your cell phone. every weekday morning 6:00 a.m.. get your ktvu morning wake up call by texting the word wake up to 70123. >>> welcome back to the c
and if congress does not act on the debt ceiling, the national economy could fall and that would have a negative affect on california's budget numbers. they revealed a budget surplus in many years and that's thanks to a new tax revenue from proposition 30 as well as spending cuts. >>> the social media is buzzing about a possible announcement by facebook. janine de la vega joins us now from menlo park with more on a mystery event that is going to take place in just a few hours, good morning. >> reporter: good morning pam, we did see several news vehicles and as the morning goes on the area is expected to fill up and that's because at 10:00 a.m. facebook is anticipating a news conference to unveil something. we don't know what that something is just yet but they say come see what we are building. most people agree they are not talking about an actual building even though they are expanding their campus. some analysts are shooting down the idea of a phone because mark zuckerberg said a phone does not make sense. facebook is his top pry yourty and -- priority and he may unveil a search engine so use
about both the u.s. and chinese economies. in europe both the uk and french markets are up. germany down' fraction. checking in on our numbers right now i'm look hack the the futures. and it does look like a pretty mixed opening this morning for us. that is after a decent day yesterday. s & p 500 close to 1500. so we'll have a better look as we get closer to the opening bell. >>> time now 5:18. a shark attack in hawaii? people are cautiously getting back into the water. where the shark went after a surfer and what kind of shark it was. >>> a night of fun in costumes at the lady gaga concert. there was also a serious message for concert goers. >>> you can wake up with ktvu every morning. get the mornings top stories that develop while you were sleeping sent straight to your cell phone. every weekday morning 6:00 a.m.. get your ktvu morning wake up call by texting the word wakeup to 70123. [ male announcer ] are you a business traveler who can withstand the perils of air travel? can you survive change fees? blackout dates? boarding in mobs? do you actually, in a weird way, kind of enjoy ru
Search Results 0 to 3 of about 4